O.k. Presuming that I might possibly have more than one bitcoin, that one bitcoin is a good goal, and remember how long it had taken Mindrust to get to 2 digits? I am not going to suggest that I am better off than him or worse of than him.. at least where he was at. He was proud of reaching 10BTC and then either the same day or the next day, he sold everything..... Fuck.
I'll say it again: poor Mindrust. One day he'll become popular like that bitcoin pizza guy by showing up on TV and telling his story of how he sold the bottom at ~$3800? Anyway, his story is just another hodling fuel for me. Sell now regret it later.
Did someone call me. xd
Selling from the bottom costed $40k+ now btc is going above $8k and possibly will keep losing while it keeps going up. Still though, I know how It felt when I was over-invested. That's something I don't want to experience ever again.
Got %1 exposure in crypto right now and it feels quite good actually. In time It will reach %10-20 probably and I don't want it to go higher than that. I don't expect anything more from this investment tbh. I'll mostly keep staying as cash in the next 3-5 years.
I don't see this disease going away soon. Still making my $50 weekly buys, no big deal. Got some alts like ltc and xmr too. (I am not %99.99 btc anymore) If these all reach their ATH's again, it'll make up for my losses last month. I don't expect anything more from crypto.
It is all about how you feel safe, well, I feel safer when I got more cash around. (no offense, I don't feel safe with an asset that is volatile af) Back to buying lottery tickets. If they go high, its good. If they go to zero, who cares. Stopped being greedy about it. It doesn't do good to me.
*I'll also be extracting cash out of it as long as it keeps going above %20 of my portfolio. (That's something I should have done since the beginning) Last month changed my views on making investments a little bit. (hopefully in a positive way)
Ultimately, I hope that it is all positive for you too, and probably it is going to be a lot better for you to NOT be considering how much it costed you for your March 12
th-ish mistake (or learning experience or however you are characterizing it).
Members here, including myself, are likely going to keep using you as an example of "what not to do" but as long as you own your own strategy, then who the fuck cares what any of us think about what you did, what you should do and/or if it was a good idea.
You are the one who needs to feel comfortable in regards to your current strategy being appropriate and fitting to your own situation, including whether you might feel that you might need to tweak from time to time, as you determine to be needed.
Even though I might not seem to show it through my ongoing tendency (might even be irresistible) to exemplify you as an example of what NOT to do, I do continue to appreciate your willingness to share quite a few of your details and to own them, even though there are likely a lot of members here who disagree with you.... the whole situation is a kind of ongoing dilemma and maybe even kind of with ongoing built-in contradictions for many of us... ..
@mindrust, you should know a bit better with the words if it goes to zero.... to many strong hands and fundamental believers....
I hope you will invest a bit and at least buy a full BTC to HODL, start some DCA again and stay interested.
I do understand the feeling of being over invested isn’t easy to live with, but nothing comes easy in life.
Buy btc cause you don’t trust the current system, buy btc for financial freedom and don’t let fiat wealth be the main factor...
Cheers and be safe and happy with your decisions
Obviously It cannot go to zero as long as the network functions but it can go to $3-5k and stay there for a long time if the world economy loses its shit completely. Maybe even $1k.
If people can't find money to eat, would they buy crypto? nope. The only thing that can prevent this from happening is the FED and its printer but what if the printer go kaputt?
There is another thing...
I am starting to feel weird about this tether stuff lately. It bugs me a lot tether staying at the 4th spot on CMC.
What if that 6.4Billion USD is the amount Finex created out of thin air is to keep bitcoin alive (alive in contrast of dead, $1k) and that's the exact amount that people extracted from btc over the years? They created that 6.4B to keep BTC from collapsing, maybe? Because otherwise that 6.4B means Bitfinex owns 6.4B worth of assets which is, kinda, bullshit you know.
Thinking about this gives me more and more warnings about this thing so yes, I'll keep my position small and will keep extracting money when it reaches a certain size. I had my chance to buy back from 4.5k didn't do it. If it goes back to 4.5k again, won't do it again.
On the other hand, in a world where almost everything is a lie, a 6.4B lie from Bfinex looks sustainable.
The thing is btc is not the unbeatable, invincible investment asset once it looked like to me anymore. Do I care about it when BCH makes a %500? Nope. That's how I feel about crypto now.
You do seem to be giving too much weight to however bitfinex and tether might factor into bitcoin's price dynamic - other than that, cannot really argue with what is motivating you, even though you are likely to be wrong, overall, but some of your ideas NOT totally unreasonable
(yet).